The invention relates to a traditional Chinese medicine for controlling grease, preventing losing hair and accelerating the growth of hair. The traditional Chinese medicine includes angelica, rehmanniae praeparatum, dangshen, accessory piece, salvia miltiorrhiza, mucuna macrocarpa, yaoyanghe, Chinese date, liquorice, safflower, radix astragali, rehmannia glutinosa, Chinese dodder herb, Kutzulungshan, yerbadetajo herba ecliptae, polygonum, glossy privet fruit, mulberry, fructus corni, arborvitae top, sapindus mukorossi, euphorbia hirta, rhizoma gastrodiae, gingkgo, rhizoma ligustici wallichii, shallot and old ginger. The traditional Chinese medicines are weighed according to formulation proportion and mixed to be ground into powder, and then is evenly sprayed by wine to be capable of being all contacted with the wine. The wine is sprayed for once every two days, after being sprayed for three times, the spraying times can be reduced properly, and the process lasts for 1-4 weeks. Then, the mixture is mixed with purified water according to the proportion of 1:2.3-5, and is brewed for 3-6 months. After that, the mixture of water and the traditional Chinese medicine is stewed at the high temperature over 100 DEG C; when being boiled, the mixture is filtered to be mixed with water or other liquid shampoos for dilution, finally, the obtained product can be used. The traditional Chinese medicine has the advantages of remarkable effects, no toxicity and side effects and being good and cheap.